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Philippines cash assistance gambling ban issued: DSWD strongly warns, legal gambling frustrated by black market surge, industry falls into "regulatory paradox"

Philippines cash assistance gambling ban issued: DSWD strongly warns, legal gambling frustrated by black market surge, industry falls into "regulatory paradox"

The Department of Social Welfare and Development (DSWD) of the Philippines has issued a departmental memorandum explicitly prohibiting the use of government cash assistance for any form of gambling. Minister Rex Gatchalian emphasized in a public statement that the core goal of cash assistance is to

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Philippine online gambling shifts to cryptocurrency and e-commerce platforms, Senate warns of regulatory loopholes.

Philippine online gambling shifts to cryptocurrency and e-commerce platforms, Senate warns of regulatory loopholes.

Philippine online gambling operators are circumventing e-wallet restrictions through encrypted messaging apps and e-commerce platforms to maintain player access. Senator Erwin Tulfo, chairman of the Senate Committee on Games and Amusement, noted that although e-wallet companies comply with central b

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Senate interrogates the Philippine Central Bank! Demands cutting off electronic wallet gambling links within 48 hours!

Senate interrogates the Philippine Central Bank! Demands cutting off electronic wallet gambling links within 48 hours!

The Central Bank of the Philippines (BSP) today issued an emergency directive, requiring all electronic wallet platforms nationwide to completely sever all payment connections with online gambling sites (POGO) within 48 hours. This means that major e-wallets including GCash and Maya must immediately

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Philippine Central Bank urgently orders: Electronic wallets such as GCash, Maya must cut off online gambling payments within 48 hours.

Philippine Central Bank urgently orders: Electronic wallets such as GCash, Maya must cut off online gambling payments within 48 hours.

The Central Bank of the Philippines (BSP) issued an emergency directive on Thursday, requiring all electronic wallet platforms nationwide to completely remove icons and links associated with online gambling sites within 48 hours, including major platforms such as GCash, Maya, etc. This measure aims

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E-wallets besieged! Philippine fintech alliance including GCash and Maya collaboratively blocks gambling fund channels.

E-wallets besieged! Philippine fintech alliance including GCash and Maya collaboratively blocks gambling fund channels.

In response to the surge in illegal gambling, the exposure and addiction of minors, the largest fintech platform alliance in the Philippines announced that it will strictly control the use of e-wallets for online gambling. Alliance members such as GCash and Maya will enhance identity verification, m

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After the crackdown on POGO, the Philippines takes another major step as senators propose a complete ban on online gambling and electronic payment channels.

After the crackdown on POGO, the Philippines takes another major step as senators propose a complete ban on online gambling and electronic payment channels.

The Philippine Congress is brewing an unprecedented "online anti-gambling war," targeting the increasingly covert online gambling activities. Several senators have recently submitted bills to completely ban online gambling and restrict the gambling payment functions of e-wallet platforms such as GCa

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